Wednesday, Willbros Group Inc. (WG) reported third-quarter net income attributable to Willbros Group Inc of $1.7 million or $0.04 per share, compared to $19.7 million or $0.49 per share in the same quarter last year.
On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.11 per share for the quarter. Analysts' estimates typically exclude special items.
Contract revenue for the quarter declined to $247.5 million from $490.7 million in the comparable quarter last year. Analysts expected the company to report revenue of $223.32 million for the quarter.
Looking ahead to the full year 2009, the company expects earnings in the range of $0.50 - 0.60 per share. Analysts currently anticipate the company to earn $0.84 per share for the full year.
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